Netflix Shares Up 13% on Subscriber Increase

<p>Netflix reported third quarter earnings and subscriber figures that were higher than projected&comma; sending the stock up 13&percnt; on Wednesday to close at &dollar;272&period;38&period;<&sol;p>&NewLine;<p>The streaming leader said it had big hits across TV and film in the third quarter – launching some of the most watched series and films of all time on Netflix&comma; including&colon;<br &sol;>&NewLine;&cir; Monster&colon; The Jeffrey Dahmer Story&comma; Stranger Things Season 4&comma; Extraordinary Attorney Woo&comma; The Gray Man&comma; and Purple Hearts<&sol;p>&NewLine;<p>The company reported 223&comma;090&comma;000 paid memberships worldwide&comma; a net increase of 2&period;41 million&period; Revenues were &dollar;7&period;9 billion in the quarter&comma; up 5&period;9&percnt; from a year ago&period; Net income was &dollar;1&period;39 billion&period;<&sol;p>&NewLine;<p>For the fourth quarter of 2022&comma; the company projects adding 4&period;5 million subscribers and revenues of &dollar;7&period;7 billion&period;<&sol;p>&NewLine;